profits ahead of last years.the company has 80% interest in a joint venture with china national petroleum corp(cnpc).market makers bought a lot of stock on friday followed by big buys on monday.profit taking on tues am then buyers back in pm.any views?

looks like its a case of the chinese wanting to do business, but only on their time scale . feels like they wont be pushed into keeping to schedules.

Some big purchases today, any rumbles of an update regarding the sale of Bluesky Aviation or am I being too optimistic? This deal just drags on and on.

hello jason , doesnt it just!!! still , it makes life a touch more interesting.

bosley, it's like waiting for Christmas, lets just hope we get the surprise we are all expecting! Im off on my hols next week so you can be pretty sure that's when all the action will start if my current run of luck is anything to go by! Good luck to everyone!!

does anyone have any news or views as to when this deal will be completed?.i`ve been trying to find something /anything on the web but i can`t.it`s nearly 2 weeks past the original dealine.
cheers,
dexter

Have you tried e.mailing / phoning the company or its broker?

Are you famiiar with the lobbying dexter well that's what is now happening in china . Fortune oil have advisors and lawyers working on this deal for them and i know for a fact the company want this concluded ASAP. Remember the deal is not taking place in the uk this is china we are talking about, different system.

regards bowman

Are you famiiar with the lobbying dexter well that's what is now happening in china . Fortune oil have advisors and lawyers working on this deal for them and i know for a fact the company want this concluded ASAP. Remember the deal is not taking place in the uk this is china we are talking about, different system.

regards bowman

From the half year results statetment of CAO

CAO's agreement with Fortune Oil Plc to acquire its interests in South China Bluesky Aviation Oil Company ("Bluesky") and Fortune Aviation Holding Ltd awaits approval by China's State Council, buyer and seller having completed all transaction details. It is expected the contribution from this 24.5% stake in Bluesky will begin shortly.

http://www.listedcompany.com/ir/cao/newsroom/newsroom.cgi?action=view_news&id=160&

morning all,
does anyone know the e-mail address for fortune or their broker?
thanks,
dexter

Barclays is showing it as info@fortuneoil.co.uk seems more like a web page than an e-mail address but thats what they say it is. Telephone number 0207 589 2233, Fax 0207 589 7755.

Advisor Capita Rgeistars Plc Tel 0208 162 3100

Fortune Oil PLC
Contact Details


HEAD OFFICE:
Suite 3406, 34th Floor
Office Tower, Convention Plaza
Harbour Road, Wanchai
Hong Kong

Tel: (852) 2803 8300
Tlx: 68749 KLPHX
Fax: (852) 2802 8322
REGISTERED OFFICE:
4th Floor, Bowater House East
68 Knightsbridge
London
SW1X 7LJ

Tel: (020) 7589 2233
Fax: (020) 7589 7755
email : info@fortuneoil.co.uk


12th August 2004

any news about Bluesky?

no news is a good news i believe

Let's hope the Bluesky deal is coming up soon...Basharat.

Extract from the Independent today.


FTSE All-Change
By Stephen Foley
23 August 2004


The fund managers backing MOS have taken heart from the performance of the bigger oil industry services company Sondex, which makes drilling tools and software and whose shares have jumped 50 per cent this year. As a result, Sondex is a leading contender to win a place back in the FTSE All-Share index when it is reshuffled next month. Because many tracker funds use the All-Share, and many more benchmark performance against that index, there is often a burst of buying interest in new entrants. Also on the list to make an entrance are the nuclear generator British Energy and Fortune Oil, which is making oil and gas investments in China.

Any bets on FTO having a RNS before September? Was hoping the price was going to break out of the 7p mark this week but it looks like we will have to wait for more news.

I personally think we'll do well to stay in the 6 - 6.5p range whilst waiting for this deal to be closed.
It tends to drift down quite a lot, what did we get down to recently 5p ? That's a ruddy large drift.

Cheeks

I agree , I think Bluesky is a holding factor.However some news on there progress into their China supply lines would be very welcome.We certainly know there is plenty of demand for increased energy supply in China

hi all. its been a while. and still no news. starting to get impatient. i know its taking place in china and that things are different , but , i am never happy when people say one thing and then it doesnt happen. this is dragging out far too long.anybody have any idea of what the delay is as

shioyong - 12 Aug'04 - 23:11 - 58 of 68


From the half year results statetment of CAO

CAO's agreement with Fortune Oil Plc to acquire its interests in South China Bluesky Aviation Oil Company ("Bluesky") and Fortune Aviation Holding Ltd awaits approval by China's State Council, buyer and seller having completed all transaction details. It is expected the contribution from this 24.5% stake in Bluesky will begin shortly.

this was posted nearly a month ago .if all transaction details have been completed , whats the hold up?????